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Indian Economy - Understanding the basics of Indian economic system

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    P Jayarama Bhat has been appointed as the Non-Executive Chairman of which bank ?

    Karnataka Bank

    Correct Answer

    Punjab National Bank

    Incorrect Answer

    Canara Bank

    Incorrect Answer

    Corporation Bank

    Incorrect Answer
    Explanation:
    • RBI has approved for reappointment of P Jayarama Bhat as Part Time (Non Executive) Chairman of the Karnataka bank. He will hold office upto November 13, 2021 (i.e. upto the upper age limit of 70 years). 
    • RBI also re-appointed Mahabaleshwara M S as MD and CEO of Karnataka Bank for a period of three years.
    • Karnataka Bank Limited, a leading 'A' Class Scheduled Commercial Bank in India, was incorporated on February 18th, 1924 at Mangaluru, Karanataka.

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